Industry Bulletins | August 15, 2018
New Jersey Housing & Mortgage Finance Agency & New Jersey Hospital Association Team Up For Affordable Housing Pilot
The New Jersey Housing & Mortgage Finance Agency (HMFA) and New Jersey Hospital Association (NJHA) recently announced they are partnering to launch an affordable housing pilot. The collaboration will see HMFA investing in up to three housing projects near participating hospitals, each of which will match the funding with its own investment.
NJHA will coordinate the pilot program and consult with participating hospitals, while HMFA will make final decisions as to which proposed projects will be financed. Currently, the project is in its developmental stage, with HMFA still deciding which projects will receive funding once development begins. Both organizations are . . .